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Shahid Javed Burki - The long march: a reform agenda for Latin America and the Caribbean in the next decade

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title The Long March A Reform Agenda for Latin America and the Caribbean - photo 1

title:The Long March : A Reform Agenda for Latin America and the Caribbean in the Next Decade World Bank Latin American and Caribbean Studies
author:Burki, Shahid Javed.; Perry, Guillermo.
publisher:World Bank
isbn10 | asin:0821339850
print isbn13:9780821339855
ebook isbn13:9780585228730
language:English
subjectLatin America--Economic policy, Caribbean Area--Economic policy, Economic stabilization--Latin America, Economic stabilization--Caribbean Area, Poverty--Government policy--Latin America, Poverty--Government policy--Caribbean Area.
publication date:1997
lcc:HC125.B769 1997eb
ddc:338.9729
subject:Latin America--Economic policy, Caribbean Area--Economic policy, Economic stabilization--Latin America, Economic stabilization--Caribbean Area, Poverty--Government policy--Latin America, Poverty--Government policy--Caribbean Area.
Page i
The Long March:
A Reform Agenda for Latin America and the Caribbean in the Next Decade
by Shahid Javed Burki
and Guillermo E. Perry
WORLD BANK LATIN AMERICAN AND CARIBBEAN STUDIES
Viewpoints
Page ii Copyright 1997 The International Bank for Reconstruction and - photo 2
Page ii
Copyright 1997
The International Bank for Reconstruction
and Development/THE WORLD BANK
1818 H Street, N.W.
Washington, D.C. 20433, U.S.A.
All rights reserved
Manufactured in the United States of America
First printing August 1997
Second printing November 1997
This publication is part of the World Bank Latin American and Caribbean Studies series. Although these publications do not represent World Bank policy, they are intended to be thought-provoking and worthy of discussion, and they are designed to open a dialogue to explore creative solutions to pressing problems. Comments on this paper are welcome and will be published on the LAC Home Page, which is part of the World Bank's site on the World Wide Web. Please send comments via e-mail to laffairs@worldbank.org or via post to LAC External Affairs, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A.
The findings, interpretations, and conclusions expressed in this paper are entirely those of the author(s) and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to members of its Board of Executive Directors or the countries they represent. The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. The boundaries, colors, denominations, and other information shown on any map in this volume do not imply on the part of the World Bank Group any judgment on the legal status of any territory or the endorsement or acceptance of such boundaries.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Drive, Danvers, Massachusetts 01923, U.S.A.
Cover illustration by Nip Rogers.
Shahid Javed Burki is regional vice president and Guillermo E. Perry is chief economist in the Latin America and the Caribbean Regional Office of the World Bank.
Library of Congress Cataloging-in-Publication Data
Burki, Shahid Javed.
The long march : a reform agenda for Latin America and the
Caribbean in the next decade / by Shahid Javed Burki and Guillermo
E. Perry.
p. cm.
Includes bibliographical references.
ISBN 0-8213-3985-0
1. Latin AmericaEconomic policy. 2. Caribbean AreaEconomic
policy. 3. Economic stabilizationLatin America. 4. Economic
stabilizationCaribbean Area 5. PovertyGovernment policyLatin
America 6. PovertyGovernment policyCaribbean Area I. Perry,
Guillermo. II. Title.
HC125.B769 1997
338.9729dc21 97-13357
CIP
Page iii
Contents
Acknowledgments
viii
Prologue
ix
Chapter I: Consolidating Stabilization Gains
1
Picture 3
A. Fiscal Policy
4
Picture 4
1. Unfunded Social Security Systems and Other Contingent Fiscal Liabilities
4
Picture 5
2. Quasi-Fiscal Losses
5
Picture 6
3. Intergovernmental Fiscal Relations
6
Picture 7
4. Procyclical Fiscal Policy in Commodity Booms
7
Picture 8
5. Efficiency of Tax Collections
8
Picture 9
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